ArtStor AG
Ad hoc-Service: ArtStor AG english
Ad hoc announcement processed and transmitted by DGAP.
The issuer has the sole responsibility of this announcement.
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Business results for fiscal year 2000 do not meet expectations
Increase in sales in first quarter 2001
Hamburg – ArtStor AG (WKN 549 286), noted on the New Market, has achieved
sales of EUR 12.2 million in the year ending 31.12.2000 (1999: EUR 14.8
million). Earnings before interest, taxes and depreciation (EBITDA) decreased
from EUR 0.6 million in 1999 to EUR -2.1 million. The provisional operational
result amounts to EUR -2.3 million, following EUR 0.5 million in 1999. Earnings
before taxes (EBT) come to EUR -2.7 million (approx. EUR 0.4 million in 1999).
Earnings per share, based on 7 million shares in circulation by 31.12.2000,
amount to EUR -0.24; in 1999 earnings per share came to EUR 0.04.
Cash flow from current business activities decreased from EUR 0.4 million to
EUR -21.2 million. Per 31.12.2000, the developer and manufacturer of data
storage solutions had an equity capital proportion of 60 percent. The balance
sheet total rose from EUR 5.1 million to EUR 35.2 million. On a yearly average,
ArtStor employed 52 people in 1999; as at 31.12.2000, the company employed 60
people.
In the first quarter of 2001, the ArtStor-Group increased its sales from EUR
3.8 million to EUR 25.3 million, compared with the same period last year. This
translates to a growth of 561 percent. After the first three months of 2001,
the EBITDA come to EUR -0.7 million, compared to EUR 0.02 million in the same
period last year. The EBIT amounts to approximately EUR -1.0 million (first
quarter of 2000: EUR 0.03 million). Following a deficit of EUR 0.05 million
last year, in the first quarter of this year ArtStor notes a deficit of EUR 0.8
million.
Hence the results for this first quarter, which is usually the weakest, meet
expectations. For this reason, the company maintains its anticipated sales of
around EUR 85 million and provisional operational result (EBIT) of EUR 3.9
million.
For further enquiries contact: ArtStor AG, Britt Wiedenhöft (Chairwoman of the
Management Board) Telephone: +49 40 65727-556, Fax: +49 40 65727-589,
b-wiedenhoeft@artstor.de, Internet: http://www.artstor.de
end of ad hoc announcement, (c) DGAP 30.04.2001
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WKN: 549 286; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München, Stuttgart
302110 Apr 01
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